Fantastic 3-unit investment opportunity. Fully updated and leased, but with flexibility for an owner-occupant or “house hack” investor with a low down payment FHA loan. One unit will free up this summer. n Recently renovated, these 1BR/1BA & 1BR/1.5BA units each have their own floor and outdoor space, plus there is a 2-car garage and yard. The location on Upshur Street in Petworth is closet to Green/Yellow Line Metro, bus lines and driving access to North Capitol and just steps from local bars and restaurants like Slash Run, Hitching Post and Timber Pizza. Current NOI is $49K which puts it at a 5.75% CAP rate at list price. Perfect location with Petworth’s best amenities within walking distance including green/yellow line metro, Slash Run, Timber Pizza, Cinder BBQ and the Petworth Farmer’s Market, Street parking is easy and income from the 2-car garage can be further optimized. Showings will be accompanied and are available for those with significant interest and advance notice.
Multi-family For Sale
224 UPSHUR STREET, WASHINGTON, District Of Columbia 20011
- Robert Spicer
- 301-622-2222
- 240-388-1030
-
RobSpicer@SpicerRealEstate.com
-
robspicer@spicerrealestate.com
Listing provided by: Philip C DiRuggiero